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More on Charles Schwab (SCHW) Q4 earnings: Asset management fees +18% Y/Y. Interest revenue...
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Wednesday, January 16, 9:10 AM ETMore on Charles Schwab (SCHW) Q4 earnings: Asset management fees +18% Y/Y. Interest revenue +10%. Trading revenue -13%. DARTS -14%. ZIRP continues to choke the firm, with money market fee wavers of $142M vs. total quarterly income of $211M. For the year, waivers were $587M vs. total income of $928M. A 2% Fed Funds rate would likely boost earnings by 50%. Shares -1.8% premarket. (PR)
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